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Money Matters

Paying Your School Bills

Payment

You will be mailed an invoice with an estimate of your tuition, fees, and housing costs prior to arriving at LETU for the semester. Payment based on this estimate should be sent to LETU so that your registration status will be confirmed for the semester. The following payment options are available:

  • Personal Check or Cashier’s Check
  • Debit/Credit Card
  • Wire Transfer

If you or your parents choose to make a debit/credit card payment, please go to the following website to make that payment: www.letu.edu/studentpayments.

Due Date

  • Payment arrangements are due 30 days prior to the start of the semester.
  • Payment in full for tuition and room and board must be received by LeTourneau before you arrive on campus and at least 5 days before classes start.
  • If payment is not received 5 business days before classes start, you will not be able to attend classes until payment is received.
    • For the Fall 2012 semester, payment will be due before August 23, 2012.
    • For the Spring 2013 semester, payment will be due before January 4, 2013

International Wires:

If you plan to pay by international wire transfer, below is the information that you will need to supply to your home bank in order for the payment to reach LETU’s bank:

Beneficiary Bank: Texas Bank and Trust
Swift Code: FRST US 44
Routing/ABA No.: 111-923-238
Route to (Receiving Bank): Frost National Bank - San Antonio, TX
City/State: Longview, Texas
Account number: 046-5399
Account name: LeTourneau University
Further credit: Memo student's first and last name and LeTourneau student ID number

A one-time $20.00 wire transfer fee will be charged to your student account to cover the cost of the wire. This is a fee that the bank charges LETU and is passed on to the student.

If you have any questions, please contact LETU Student Accounts @ 903.233.4130. 


Cashing Checks

If you need to cash a personal check, you may do so at the Cashier Window in the Business Office. Guidelines for cashing checks will be explained to you at the window.

Cashier Window Hours: Monday through Friday, 9:00 AM - 4:00 PM.


BANKS AND BANKING SERVICES

Information typically needed to open a bank account:

  • LETU Student ID card
  • Passport
  • I-20 & I-94
  • LETU Address and CPO number
  • Local telephone number
  • Money (each bank has a required minimum to open an account)

Difference Between Savings Account and Checking Account

A savings account earns interest. If you have several hundred dollars above your routine living expenses, a savings account is a safe way to invest that money. Your checking account is designed for your daily transactions like your bills and spending. You can withdraw any amount from a regular (or passbook) savings account whenever it is necessary. If you have a savings and checking account at the same bank, you can transfer funds from your savings to your checking account over the phone or online.

Debit Cards/Check Cards

A debit card (also called a check card) is NOT the same as a credit card. When you use a debit card, the money is immediately withdrawn from your checking account. Therefore, it is important to know the balance in your account to avoid making purchases that exceed that amount.

Using an ATM

Automated Teller Machines (ATMs), allow you to make cash withdrawals, deposits, and transfers between accounts. You can also view your account balance. This is free at your own bank and its branches, but when you use another bank’s ATM (for any reason), both your bank and the other bank could charge you a bank fee*. There is a limit on how much money you can withdraw from an ATM at one time or on one day. Check with your bank to see what the limit is.

*There is an ATM on LETU’s campus, located on the first floor of MSC, but the campus ATM may not be your bank’s machine.

Below is a partial list of banks in Longview. We are not recommending any particular bank. You can check the local phone book or online for other banking options.

Austin Bank
308 E Loop 281
800.644.9275

Chase Bank
116 E South Street
903.234.2482

Community Bank
2440 S High Street
903.236.4422

First Convenience Bank
4006 Estes Parkway
903.234.2154

Regions Bank
208 N Center Street
903.237.3501

Texas Bank and Trust
300 East Whaley Street
903.237.5500

Office of Student Accounts

LeTourneau University
PO Box 7001
Longview, TX 75607
StudentAccounts@letu.edu
 

Business Office hours:
8am-5pm Monday through Friday

Cashier hours:
9am-4pm Monday through Friday

Make a Payment Online

Director of Student Accounts:
Ronda Burrows - RondaBurrows@letu.edu
903-233-4140

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